Austrian Company Insolvencies Down in 2015

Company insolvencies down in 2015 / Picture: © Flickr

The reported sum differ slightly, though both associations see a dump of 5 percent in a series of all launched and deserted association bankruptcies to about 5,200.

According to AKV this is a lowest figure in a past decade.

Highest value was available in 2009 – 6,883 association bankruptcies.

However, a dual associations differ on a sum value of liabilities – by EUR 0.5 billion.

Whereas AKV reported EUR 2.9 billion in sum liabilities for 2015, KSV 1870 reported EUR 2.4 billion.

Both associations announced that they took into care usually a launched penury record and didn’t embody a deserted petitions for insolvency.

(EUR 1 = USD 1.087)

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